The establishment of a wholly-owned subsidiary in Beijing marks an important step towards the international direction for R&D team of

Wuhan LinControl Automotive Electronics Co., Ltd (hereinafter referred to as “the company”) held the eleventh meeting of the second board of directors on March 24, 2021 to deliberate and pass the Proposal on the Company's Foreign Investment and Establishment of wholly-owned Subsidiaries. The board of directors agreed to found a wholly-owned subsidiary in Dongcheng District of Beijing with its own capital, which is known as Beijing LinControl Electronics Co., Ltd.

The establishment of the wholly-owned subsidiary was a prudent decision made by the board of directors to attract more outstanding talents and improve the company’s R&D strength according to the current development demands. With its own capital for the investment, the company’s finance and business operation will not be compromised, which will not harm the interests of the company and its shareholders, especially minority shareholders.

The business registration information of the company is shown as below:

NameBeijing LinControl Electronics Co., Ltd.

The unified code of social credit91110101MA028M6E50

TypeLLCLimited Liability Company (sole proprietorship of legal person)

Legal representativeShi Yi

Registered capital5 million Yuan

Date of establishment: April 9, 2021

Business term: From April 9, 2021 to April 8, 20

Address: Room 23 F8 No.7 Inner Jianguomen Main Street, Dongcheng District, Beijing

Business scope: Technology research and development, technology transfer, technology consultation and technical service in the field of automobile electronic products, computer software and communication equipment; product design, software development; mechanical equipment leasing; rental of office housing, commercial housing; technical testing; vehicle sales, auto parts, electronic products. (The market subjects independently select the business projects and carry out business activities in accordance with the law. In terms of the projects subject to approval according to law, business activities should be conducted according to the approved contents after approval by authorized departments; the business activities of the projects prohibited or restricted by the industrial policies of the State or this municipality should not be carried out.)

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